CENVAT CREDIT

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..... CENVAT CREDIT
Query (Issue) Started By: - MANO KARAN Dated:- 26-11-2016 Last Reply Date:- 28-11-2016 Central Excise
Got 4 Replies
Central Excise
Dear Seniors, I am in Manufacturing Pharma Unit. We are doing Job Work to one unit. They are given 15nos. cenvat bills (Feb 16 and March 16) for taken credit in Nov. 16. Enenthough one year for elgible to credit taken, how to take bulk numbe .....

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..... r of Invoices.Please clarify. Reply By MARIAPPAN GOVINDARAJAN: The Reply: What is the problem in taking credit for all vouchers in November 2016? Reply By Rajagopalan Ranganathan: The Reply: Sir, The credit shall be taken within one year from the date of invoice/bills. Quantum of invoices/ bills will not be a bar for taking credit. Reply By Ganeshan Kalyani: The Reply: You can avail the C .....

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..... redit, provided the invoices are dated within one year. Thanks. Reply By Suryanarayana Sathineni: The Reply: Dear Friend, First of all it is not very clear on what ground your principal to whom you are doing job work send the said invoices for taking credit? Is it a job work or Loan licence? It is a loan licence arrangment, then you can take cenvat credit. With regard to your query as to how t .....

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..... o take the credit of all such 15 Cenvat Invoices/Bills which are within the time limit of 1 year from the date of such invoices, you can take credit on each invoice in your Cenvat credit Account under independent entry in the said account. Best Regards Suryanarayana
Discussion Forum - Knowledge Sharing .....

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